WBCSD Sustain Newsletter (2024)

WBCSD Sustain Newsletter (2)

WBCSD Sustain Newsletter (3)

Vision 2050: Time to Transform

WBCSD launched “Vision 2050: Time to Transform” on 25 March. This new report lays out a framework to guide business action in line with the urgency of the challenges that we face as a global society, and provides the business community with comprehensive guidance on how it can lead the transformations needed if we are to realize a shared vision of a world in which more than nine billion people can live well, within planetary boundaries, by 2050. More information available on the Vision 2050 website.

Read Peter Bakker’s insight and its implications and opportunities for business in the next decade - and access the Recordings of the two launch events which are now available. These sessions included an introduction to the key concepts and messaging that sit behind the new Vision 2050: Time to Transform report by WBCSD President and CEO, Peter Bakker, as well as animated discussions around the implications and applications of this new resource with distinguished WBCSD Council Members from 3M, ENGIE, ERM, Godrej Industries, Nestlé, Olam, PwC, Solvay, Sonae, and Unilever.

WBCSD Sustain Newsletter (4)

The World Business Council puts capitalism on notice

"We need to change the rules of business altogether, and get everybody on board." Said Peter Bakker in this interview with Fortune’s Nicole Goodkind. Systems-thinking will be at the heart of progress towards Vision 2050 - this includes acknowledging companies’ dependence on the stability and success of other industries and institutions, communities and ecosystems.

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WBCSD launches new Pathfinder to enable Scope 3 emissions transparency and accelerate decarbonization

WBCSD launched the Value Chain Carbon Transparency Pathfinder—a new initiative dedicated to enabling widescale exchange of primary, carbon emissions data. To reach net zero emissions before 2050, we need all business to measure, account for and disclose carbon emissions as a first step to reducing them. We cannot solve what we cannot measure. As businesses globally face rising pressure to reduce their carbon footprint, understanding and tracking end-to-end emissions and taking action to decarbonize is becoming the license to operate.

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Circular Electronics Partnership (CEP): The first private sector alliance for circular electronics

As one of the founding partners and Secretariat host, WBCSD hosted the launch of the Circular Electronics Partnership (CEP) on 18 March. CEP is the first private sector alliance for circular electronics and a transformative industry initiative. This launch marks the first time experts, business leaders and global organizations will set a vision and roadmap committing to a circular economy for electronics by 2030 and co-design solutions around this topic.

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A new standard for electric utilities to maximize progress towards the SDGs

Over the past 18 months, WBCSD has convened 11 of the world’s leading electric utility companies to explore, articulate and set a course to realizing the unique potential of this sector to leverage its influence and innovation to contribute to the SDG agenda. This Roadmap provides utility business leaders worldwide with a flagship guide to driving transformative change. It explores the sector’s interaction with the SDGs, identifies priority goals, and outlines key impact opportunity areas where the sector is well placed to drive transformation in line with the objectives of the SDGs.

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Sustainable mobility: Policy making for data sharing

Sharing data between mobility stakeholders can accelerate the shift to sustainability, but we need policies that minimize risks around privacy, cybersecurity, competition and liability. Together with the International Road Federation (IRF) and Sum4All, we have launched a new policy framework that helps policymakers globally to enable data sharing in the mobility sector. The report outlines 33 policy suggestions that can be tailored and adapted by policymakers to suit their local mobility system.

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Data-driven transformation toward resilient and sustainable urban mobility

Digitalization is reshaping urban mobility and holds great potential for creating economic, social and environmental value. This brings into question how we share increasing amounts of data between public and private stakeholders. Read the new insight by Mobility Director Thomas Deloison on why we need digitalization and data at the center of a common vision for sustainable mobility and how to overcome barriers to data sharing.

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WBCSD partners with NBI to advance net zero buildings

WBCSD and New Buildings Institute (NBI) have signed a new MoU formalizing the organizations’ relationship. The agreement signed last month defines how the two organizations will collaborate to advance and promote energy efficiency, enhance resilience and achieve carbon reductions in buildings. This is critically important as buildings account for nearly 40% of carbon emissions globally.

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World Water Day 2021: Valuing Water

This World Water Day’s theme was about valuing water, about what water means to people, its true value and how we can better protect this vital resource. Most societies undervalue and under-price water. The true cost of water does not reflect its true value, which leads to overexploitation of the resource. The appropriate valuation of water drives demand-side management and improves resource use efficiency. Valuing water means recognizing and considering all the benefits provided by water – including economic, social and ecological dimensions.

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WBCSD and Sustainable Rice Platform to advance sustainable rice solutions through innovative finance and value chain linkages

WBCSD announced on its membership of the Sustainable Rice Platform (SRP). WBCSD will work with SRP to advance sustainable rice, exploring priority areas including public private financing and consumer demand for sustainable rice.

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In memoriam: Erling Lorentzen, sustainability pioneer and visionary

Erling Sven Lorentzen, founder of Aracruz Celulose, the former Brazilian pulp and paper company, passed away a few weeks ago, aged 98. He will long be remembered as a pioneer and visionary of the pulp and paper industry, and holds a special place in the heart and history of WBCSD.

Welcome to our new WBCSD members

  • The BTG Pactual Timberland Investment Group (TIG), one of the world’s largest timberland investment management organizations, joins WBCSD
  • Enviva, a leading renewable energy company specializing in sustainable wood bioenergy, joins WBCSD

Member spotlights

Check out our spotlight on members' activities and announcements:

  • Apple powers ahead in new renewable energy solutions with over 110 suppliers
  • BASF presents its roadmap to climate neutrality
  • BMW Group becomes first premium manufacturer to publish Integrated Group Report
  • bp introduces new sustainability aims
  • EDP set to invest 24bn Euro in energy transition in new strategic plan
  • New World Development commits to setting science-based targets for climate action
  • Reckitt to be Hygiene Partner for COP26 climate summit as it unveils 2030 sustainability ambitions

Global Network news

  • France: New study focuses on upscaling corporate solutions for biodiversity
  • Ireland: Over 60 companies sign up to BITCI’s new Low Carbon Pledge and commit to setting science-based carbon emission reduction targets
  • The Circular Transition Indicators (CTI) v2.0: Now available in Portuguese

Upcoming events

Sustainable Mobility – Common challenges for cities and businesses (8 April 4:00 PM - 6:00PM CEST) Transport emissions represent a major problem for cities around the world. Addressing this challenge efficiently requires a coordinated city-business approach. Join us for a discussion between city and business representatives, organized with the International Urban Development Association (INTA). This event will illustrate how collaboration betweenstakeholders takes place and accelerates change, highlighting the levers for joint action and the related benefits, beyond emissions reduction.

World Benchmarking Alliance & WBCSD’s Food and Agriculture webinar – 8 April (11:00 CEST & 16:30 CEST). Join this session to hear more about WBA’s Food and Agriculture Benchmark and the recently released methodology.

Global Commons Alliance’s new initiative to develop a viable corporate accountabilitysystem in protection of the global commons – design workshop on 12-16 April: By identifying and addressing key gaps in current accountability systems, the initiative aims to drive progress towards a corporate mobilization and accountability system for the planet where companies are accountable for their environmental performance.

As the largest online convening of professionals building the circular economy, Circularity 21offers thought-provoking keynotes, engaging breakouts, an interactive expo and valuablenetworking opportunities. Join the growing global community of thousands of visionariesand practitioners to learn, connect and accelerate the circular economy.

World Business Council for Sustainable Development
WBCSD Sustain Newsletter (2024)

FAQs

How often is the Global sustainable development Report produced? ›

The GSDR will be produced once every four years to inform the quadrennial SDG review deliberations at the High-Level Political Forum under the auspices of the General Assembly, and it should be written by an Independent Group of Scientists (IGS) appointed by the Secretary-General.

What is the current status of sustainable development? ›

The Sustainable Development Goals' current status: A mere 12% of the Sustainable Development Goals (SDGs) are currently on track or as the newest Global Sustainable Development Report 2023 summarizes progress on the 2030 Agenda it is a "stagnation in the face of multiple crises".

What is one of the main purposes of the World Business Council for sustainable development WBCSD? ›

WBCSD is a global, CEO-led organization of over 200 leading businesses and partners working together to accelerate the transition to a sustainable world. We help make our member companies more successful and sustainable by focusing on the maximum positive impact for shareholders, the environment and societies.

What is the sustainable development report? ›

Now available: the Sustainable Development Report 2024

The Sustainable Development Report (SDR) reviews progress made each year on the Sustainable Development Goals since their adoption by the 193 UN Member States in 2015.

Which country is no. 1 in sustainable development? ›

Finland

Are SDGs still relevant? ›

The United Nations' latest update on progress toward meeting the SDGs paints a dire picture. Progress on more than 50 percent of targets is weak and insufficient and 30 percent have stalled or reversed. The reasons why are clear—the pandemic, the escalating effects of climate change, and Russia's war on Ukraine.

What is the 7th global goal? ›

Goal 7 is about ensuring access to clean and affordable energy, which is key to the development of agriculture, business, communications, education, healthcare and transportation. The world continues to advance towards sustainable energy targets – but not fast enough.

What does ESG stand for? ›

ESG – Environmental, Social and Governance

ESG stands for Environmental, Social and Governance. This is often called sustainability. In a business context, sustainability is about the company's business model, i.e. how its products and services contribute to sustainable development.

What are four types of Sustainable Development? ›

The four main types of sustainability are human, social, eco- nomic and environmental. These are defined and contrasted in Tables 1–4. It is important to specify which type of sustainability one is dealing with as they are all so different and should not be fused together, although some overlap to a certain extent.

What does the WBCSD do? ›

WBCSD and its members lay the building blocks of transformation. Our education, tools and technology help members turn their ambitions into sustainable paths forward – empowering them to set new standards for a better world. That work spans continents and industries, bringing together unlikely allies.

Why join WBCSD? ›

WBCSD services are included in WBCSD membership. They support members in shaping policy, raising their sustainability ambition, and enhancing effective disclosure to deliver business action and transform the systems in which they operate.

What is pact WBCSD? ›

The Partnership for Carbon Transparency (PACT) developed the global standard for calculating and exchanging consistent, comparable, and credible Scope 3 emission data across value chains.

Who writes the sustainable development report? ›

Since 2016, the global edition of the Sustainable Development Report (SDR) has provided the most up-to-date data to track and rank the performance of all UN member states on the SDGs. This year's edition was written by a group of independent experts at the SDG Transformation Center, an initiative of the SDSN.

Has the US signed the 2030 Agenda? ›

Today, the United States joined OGP Steering Committee members in signing a declaration on Open Government for the Implementation of the 2030 Agenda for Sustainable Development.

What are the pillars of sustainable development? ›

Sustainability is an essential part of facing current and future global challenges, not only those related to the environment.

How long does SDGs last? ›

The SDGs are a bold commitment to finish what we started, and end poverty in all forms and dimensions by 2030. This involves targeting the most vulnerable, increasing basic resources and services, and supporting communities affected by conflict and climate-related disasters.

Does every company have a sustainability report? ›

An impressive 96% of the world's leading 250 companies report on sustainability, a rate likely to increase as new regulations on non-financial reporting is introduced. Usage of global standards like GRI, SASB, and stock exchange guidelines have also increased, with the GRI the most dominant.

Is sustainability report included in annual report? ›

A sustainability report allows companies to answer a wide variety of questions raised by stakeholders in a single document. The CSRD obliges companies to include a sustainability report in the annual report.

How many SDG indicators are there? ›

The global indicator framework includes 231 unique indicators. Please note that the total number of indicators listed in the global indicator framework of SDG indicators is 248. However, thirteen indicators repeat under two or three different targets (see below).

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